Consider a ride-sharing service such as Uber or Lyft. What are some of the major cost...
Consider a ride-sharing service such as Uber or Lyft. What are some of the major cost categories? Are they mostly fixed or mostly variable costs? How are the costs different from those incurred by the drivers?
Homework Answers
Answer to question 1 : The major cost Categories of a ride-sharing service are Driver's salary, android app development cost, app development cost, mobile app development cost and ride sharing app development cost .Salary to driver is variable and all other cost are mostly fixed.
Answer to question 2: The main cost incurred by drivers are for fuel consumption , maintenance and other costs related to various license and compliance. Ride service companies need not incur such expense.
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Consider a ride-sharing service such as Uber or Lyft. What are
some of the major cost...
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2)
3)
The smartphone market has been dominated by Apple, but recently the Droid has been able to leverage Google's information services into market gains, while Blackberry, known for its secure business-oriented network, has attempted to become more attractive with a "friendlier" interface. At the same time, a number of less capable fringe firms are emerging. Suppose an economist analyzes this industry as follows: ECONOMIST: Each firm brings its own distinct capabilities to its product design, with each product...
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